book2book

  booktrade.info

Search Booktrade.info:  


Tuesday 23rd September

Book2book Home Book Trade News Trade Announcements Bestseller Lists About Booktrade.info

Sales Soar At German Giant Bertelsmann Following Buying Spree

Posted at 4:01PM Thursday 08 May 2014

The publishing merger of Bertelsmann's Random House with Penguin and the full takeover of music rights group BMG help the group to strong first quarter results.

German media giant Bertelsmann posted near double digit growth in the first quarter of 2014 as revenues from continuing operations rose 8.5 percent to $5.4 billion (€3.9 billion) driven by a series of high-profile acquisitions.

The mega-merger last year between Penguin and Bertelsmann's Random House publishing business, along with Bertelsmann's buyout of KKR's stake in music rights group BMG helped boost sales as did smaller deals including the takeover of Dutch electronic dance music publisher Talpa Music.

hollywoodreporter.com




Get book trade news by email

Daily book trade headlines and breaking publishing news by email - just £3 a month. Click on the Subscribe button below to sign up now

Find out more


Search the news archive:
 






More Book Trade News

NAIBA 2014: Taking On Amazon
www.publishersweekly.com

That Amazon was the subject of the keynote was inevitable...

Amazon Launching New Crowdsourcing Publishing Program
www.publishersweekly.com

E-tailer has confirmed that the program is "in the works."

9 Marquez E-books Coming Out In English
townhall.com

E-books for some of Gabriel Garcia Marquez's best known work, including the novel "Love in the Time of Cholera," are coming out for the first time in English

E-book Sales In Canada Plateau
www.publishersweekly.com

Digital sales have not grown the way people in the Canadian industry were anticipating four or five years ago

MP Joins Call To Pull Comic Book Showing 'Hipster Hitler'
www.jewishnews.co.uk

Conservative MP for Finchley and Golders Green Mike Freer joins call to pull a "dangerous" comic book from the shelves, after concern was raised that it made Hitler look "cool"

WH Smith climbs on growth hopes for three lesser known divisions
www.theguardian.com

Analysts say franchise, international busineses and Funkypigeon could be worth £200m

Account Sign-In

Most Popular Stories

  1. Amazon Allows Family Sharing For Purchases
  2. Ebook Piracy Becomes A Top Concern
  3. Buckingham Palace Orders Crackdown On Memoirs By Royal Staff
  4. FBF 14: Big Books The U.S. Agencies Are Selling At The Fair
  5. Bloody Scotland Announces 2014 Figures, Most Successful Year Yet
  6. English PEN defends Hilary Mantel
  7. Penguin Launches Cartoon Network Imprint
  8. Stellar Line-Up Of Judges Announced For This Year's Ted Hughes Award For New Work In Poetry
  9. Amazon Allegedly Snubs Pro-Hachette Authors For Secret Weekend Retreat
  10. Local Authors Fume As Bezos Holds Secret Santa Fe Retreat